44% of US companies considering dropping insurance coverage of current workers due to Obamacare

If you receive health insurance benefits through your job, it might be a good idea to start looking for other alternatives. According to a study by Duke University, 44% of US companies are considering dropping the health insurance plans of their current employees as a direct result of Obamacare.

From The Washington Examiner:

Adding to a devastating CBO report of how Obamacare could damage the economy, a Duke University survey of top companies found that 44 percent are considering reducing health benefits to current employees due to Obamacare, confirming the fears of millions of American workers.

In its December survey of chief financial officers around the country, Duke also found that nearly half are “reluctant to hire full-time employers because of the Affordable Care Act.”

And 40 percent are considering shifting to part-time workers and others will hire fewer workers of fire some to avoid the costs of the program.

What’s more, they said in the study, “One in five firms indicates they are likely to hire fewer employees, and another one in 10 may lay off current employees in response to the law.”

Without the law, the CFOs told Duke that they would hire more full-time workers.

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This is devastating, folks. Seriously devastating.

It’s amazing to think that there are still those who don’t believe that Obamacare is and has been devastating to the economy.

The law that was supposedly designed to reduce the number of uninsured, will most definitely increase it. How’s that for irony?

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